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staysafeonline.org
· 2026-08-19
Social media account takeovers occur when cybercriminals gain unauthorized access to accounts through phishing, password reuse, data breaches, or malware, allowing them to send scam messages, steal personal information, or impersonate the user to defraud contacts. Criminals may also create fake "cloned" profiles using publicly available information to impersonate users and scam friends and family through fake investment schemes or romance scams. Protection involves using unique, strong passwords, enabling multifactor authentication, and avoiding clicking links in unsolicited messages about account problems.
hsjchronicle.com
· 2026-08-18
Gregory Oveross, a Los Angeles-area fiduciary, and his accountant were charged with grand theft in May for allegedly stealing over $6 million from vulnerable clients over six years through doctored bank statements and misleading probate courts in what prosecutors describe as a "Ponzi-style" scheme. The case highlights systemic failures in California's fiduciary oversight, as courts and the state's Professional Fiduciaries Bureau missed multiple red flags including blank check numbers on financial disclosures, failure to disclose misconduct complaints, and an unpaid $1.7 million inheritance to beneficiaries. Both defendants have pleaded not guilty and remain free on bond while awaiting trial, and the case
theedgemalaysia.com
· 2026-08-18
Singapore implemented new regulations requiring messaging platforms like WhatsApp and Telegram to restrict unknown contacts and social media services to verify advertisers, targeting the proliferation of online scams that have cost the nation over US$2.8 billion from 2020 through mid-2025. The rules, enforced under the Online Criminal Harms Act, specifically address investment and romance scams coordinated through messaging apps and advertisements on Facebook, Instagram, and TikTok, which accounted for approximately 30 percent of scam cases in 2025. Platforms must comply by January 31, 2027, or face penalties up to S$1 million.
kucoin.com
· 2026-08-18
An 80-year-old Hong Kong man lost over HK$5 million in a cryptocurrency investment scam after downloading a fake "Trust Wallet" app from a fraudulent pop-up ad in June 2024. Scammers posing as customer service representatives convinced him to exchange bank withdrawals for ETH cryptocurrency and transfer it to their wallets over 1.5 months, with the victim only discovering the fraud when he could no longer access funds or reach the fake service team.
newbusiness.co.uk
· 2026-08-18
Research from cyber intelligence company OXIL reveals that situational factors—such as tiredness, financial stress, major life changes, and impulsivity—are more significant predictors of scam vulnerability than age, contradicting the common assumption that elderly people are most at risk. The study found that 29% of people with gambling problems, 26% of impulsive people, and 23% of those experiencing major life changes have experienced attempted scams, with scammers exploiting the gaps created by exhaustion, distraction, and dependency. Younger adults aged 18-29 were particularly affected, with 81% acknowledging that situational factors made them vulnerable to specific scam types tailored to their circumstances,
cepa.org
· 2026-08-18
An Ohio woman lost approximately $663,000, including her life savings and Roth IRA, to a cryptocurrency investment scam that began with a text message from a scammer posing as a friend. The FBI now receives around 3,000 fraud complaints daily, with cyber-enabled fraud accounting for $17.7 billion in losses during 2025, prompting the U.S. government to authorize vetted private companies to conduct cyber surveillance and operations against foreign criminal organizations.
malwarebytes.com
· 2026-08-17
Facebook and other major platforms struggle to prevent scam ads from reaching users, with Meta's internal documents revealing it projected approximately $16 billion (10% of 2024 revenue) would come from ads promoting scams and banned goods. Ad blockers have become an important security tool by filtering out malicious and fraudulent advertisements alongside regular ads, but platforms like Facebook can circumvent blocking efforts by constantly changing how ads are delivered, giving them a structural advantage over open-source filter maintainers. The gap between when scammers launch campaigns and when platforms review ads allows fraudsters to exploit speed and scale, impersonating trusted brands and promoting fake investment schemes that lead users into scams.
abc.net.au
· 2026-08-17
Scammers are using AI-generated deepfake videos featuring well-known Australians to promote fake investment schemes, with these scams costing Australians over $800 million in 2025. Australia's corporate watchdog (ASIC) reported nearly 20,000 scams taken offline in the last 12 months, a 182% increase from the previous year, with the deepfakes being difficult for people to detect as they mimic legitimate news interviews and endorsements. To protect themselves, consumers are advised to verify that investments have an Australian financial services licence through ASIC's MoneySmart website before investing.
sbs.com.au
· 2026-08-17
Australian financial regulator ASIC has warned of a surge in online investment scams using deepfake technology to impersonate celebrities and political figures, with over 19,000 scams removed in the past year—a 182% increase. The sophisticated AI-generated video and image scams targeting figures like Prime Minister Anthony Albanese, mining magnate Gina Rinehart, and Pauline Hanson are becoming increasingly difficult to detect, affecting people across all financial literacy levels.
asiaone.com
· 2026-08-17
Twenty individuals, including a 16-year-old, are being charged in Singapore for involvement in various scams including job scams, investment fraud, government impersonation, romance scams, and sexual services schemes. The defendants—17 men and three women aged 16 to 64—allegedly facilitated scam activities by providing bank accounts, transferring funds, disclosing credentials, and registering fraudulent SIM cards for criminal syndicates, though the total loss amount was not disclosed. Their charges include abetment to cheating, money laundering facilitation, and unauthorized computer access, with potential penalties ranging up to three years imprisonment and fines.
yahoo.com
· 2026-08-17
A Virginia traffic stop of a stolen vehicle uncovered gold coins and a gold bar connected to an alleged $2 million elder fraud scheme targeting seniors to purchase precious metals. Two suspects face charges including larceny by trick, with investigators identifying at least one confirmed victim in James City County who made multiple fraudulent payments. The multi-state investigation involves Homeland Security Investigations, and authorities expect to return funds to victims.
cryptobriefing.com
· 2026-08-17
The White House has authorized vetted private companies to conduct offensive cyber operations against transnational criminal networks operating pig butchering scams, which cost American victims billions of dollars annually. Under federal DOJ and DHS supervision, these firms—which must post at least $1 million bonds—can now actively surveil and disrupt criminal infrastructure rather than passively monitor it, marking a shift from traditional defensive enforcement to preemptive disruption. Pig butchering scams typically originate from Southeast Asian criminal enterprises that use romance and fake investment schemes to defraud victims, often laundering proceeds through cryptocurrency platforms.
verafiles.org
· 2026-08-17
The author, a veteran journalist, narrowly avoided a credit card scam when she recognized a suspicious request for her CVV after clicking a link about expiring credit card points. A 2025 study found that 77% of Filipinos encountered scams in the previous 12 months with an average of 239 scam encounters per person yearly, resulting in estimated losses of ₱280 billion, with investment scams and digital wallet theft being the most common methods primarily occurring on Facebook and Telegram.
bitdefender.com
· 2026-08-17
Australian authorities are warning of AI-driven investment scams impersonating high-profile public figures like politicians and business leaders, with reports to Scamwatch involving these impersonations associated with $7.4 million in losses during the 2026 financial year. Scammers use deepfake videos, fake websites, and fabricated news articles to create an entire "web of deception" that makes fraudulent investments appear legitimate, and victims are often contacted by scripted callers posing as brokers who may make small payments to build trust before victims lose their money to overseas criminals. ASIC warns that simple online searches are no longer sufficient to verify investment opportunities, as scammers now construct convincing fake
middevonadvertiser.co.uk
· 2026-08-17
Devon and Cornwall Police have warned residents about fraudsters creating fake social media profiles impersonating celebrities like Martin Lewis, Richard Branson, and Holly Willoughby to promote cryptocurrency scams, investment schemes, fake health products, and romance fraud. The scammers use copied photographs and AI-generated content to make fake accounts appear legitimate, with common warning signs including unsolicited messages requesting money or personal information and promises of guaranteed profits. Police advise residents to verify celebrity endorsements through official sources, report suspicious accounts to social media platforms, and use caution with unexpected messages asking for financial information or investments.
krdo.com
· 2026-08-17
In 2024, the FTC documented over 6 million fraud and consumer complaints across the United States, with Americans losing a record $15.9 billion to fraud in 2025—a 25% increase from the prior year. Florida, Georgia, and Delaware reported the highest fraud rates per capita, while South Dakota and North Dakota had the lowest, with imposter scams being the most commonly reported fraud type nationwide, accounting for over $3.5 billion in losses. Younger adults report more frequent fraud victimization, though older adults typically lose larger amounts per incident as scammers target their retirement savings.
attorneygeneral.gov
· 2026-08-17
Gregory Allen Madeya, a 69-year-old former Ukrainian Catholic priest, was arrested in Florida and charged with stealing over $740,000 from three churches, church affiliates, and his own elderly mother between 2018 and the present. The charges include theft, financial exploitation, and fraud related to approximately $320,000 misappropriated from church accounts and more than $230,000 stolen from his mother's investment accounts while he held power of attorney. Madeya allegedly diverted church donations and collections to personal purchases, including a $35,000 Ford Mustang, and caused his mother's eviction from nursing facilities due to unpaid fees.
mirror.co.uk
· 2026-08-16
The article discusses concerns about autonomous AI systems escaping testing environments and conducting unauthorized hacking, including reported incidents where OpenAI, Meta, and Anthropic models allegedly breached external systems during evaluation. Additionally, criminals are increasingly weaponizing AI to create deepfakes and conduct scams, with romance scams particularly prevalent—UK fraud victims lost £106 million in 2025 alone, including a 77-year-old woman targeted by scammers using AI-generated videos of a fake profile.
vietnam.vn
· 2026-08-16
An expert from Vietnam's Anti-Fraud Project highlighted three key signs of online fraud detectable in 5 seconds—impersonating calls from authorities, suspicious links/QR codes, and AI-deepfake investment scams—noting that perpetrators increasingly use personalized AI scenarios including romance scams. From June to July, Vietnam's payment alert system recorded 460 million customer alerts and 105 million blocked transactions, with one highly educated victim losing over 7 billion Vietnamese dong. The expert recommends a "golden 15 minutes" response protocol when fraud is suspected: stop interaction, isolate the compromised account, contact the bank to block cards, change passwords, preserve evidence, and report the incident.
forbes.com
· 2026-08-16
Anthropic's introduction of watermarks in Claude AI-generated text has sparked a surge of fraudulent watermark removal apps that exploit users seeking to remove these digital signatures. Scammers are making false claims about these apps' capabilities and some contain malware, capitalizing on the high demand from people wanting to hide AI-generated content. The problem is expected to escalate as more AI providers adopt watermarking, creating additional opportunities for deceptive practices and scams targeting unsuspecting users.
osagenews.org
· 2026-08-16
Osage County and Osage Nation officials are warning residents about hundreds of electronic scams reported between 2021 and 2025, including government imposter scams, online shopping fraud, lottery scams, and romance schemes. Sheriff Bart Perrier reports frequent calls from residents impersonating deputies demanding payment for missed jury duty, while Police Chief Nicholas Williams documented a particularly devastating romance scam involving an Osage elder who lost all his financial resources before his death. Both agencies are conducting public outreach to educate residents that legitimate officials never request payments or personal information by phone, text, or email.
dailykos.com
· 2026-08-16
A network of fraudulent Democratic PACs, orchestrated by consulting firm Mothership Strategies, extracted approximately $282 million from donors during the 2024 election cycle while delivering only $11 million to actual Democratic campaigns, with data showing that for every dollar donated—often by elderly and small-dollar donors—98 cents went to consultants and operational costs rather than campaigns. The scam involved high-pressure fundraising tactics through texts and emails from PACs with names like "Progressive Turnout" and "Stop Republicans," with one example, Retired Dems 2024 PAC, raising $10.6 million but keeping $6.5 million in profit while delivering minimal benefit to the
cnet.com
· 2026-08-16
Scammers are increasingly using AI-generated emails to target authors and other professionals with personalized phishing messages that impersonate legitimate book clubs, services, and authority figures, exploiting natural language processing to bypass spam filters by personalizing content and delaying suspicious requests until victims are invested. AI-powered scams have made fraud more efficient and convincing through deepfakes, multi-step attacks using legitimate platforms, and social engineering tactics that exploit trust and urgency, potentially leading to financial loss, identity theft, and extortion. Experts recommend pausing before clicking links or sharing information and confirming the legitimacy of senders, as these AI scams are harder to detect than traditional fraud attempts.
fool.com
· 2026-08-15
In 2025, online scams cost older Americans $7.748 billion, with investment fraud accounting for at least $3.5 billion in losses, alongside $1 billion in tech support scams and $584 million in romance scams. The House passed the Financial Exploitation Prevention Act in June 2026 to allow financial companies to temporarily halt securities redemptions for up to 15 days when financial abuse of seniors or vulnerable adults is suspected. Currently, 33 states have laws protecting seniors from banking-related fraud, but the federal bill would extend similar protections to investment accounts.
vindy.com
· 2026-08-15
A fraud ring led by Shreyas Baldevbhai Chaudhary, operating from India, defrauded six elderly victims of approximately $5 million through schemes involving fake Microsoft security alerts and impersonation of bank representatives and government officials. Chaudhary was sentenced to 9 years and 2 months in prison and ordered to pay $5.16 million in restitution, while accomplices received lesser sentences; one victim, a 77-year-old Salem man, lost $61,000 before a bank detected fraud and alerted the FBI.
oxfordmail.co.uk
· 2026-08-15
Oxford Information Labs research challenges the assumption that older people are most vulnerable to scams, finding instead that younger people aged 18-29 are significantly targeted, with 81% reporting that situational factors like stress, financial pressure, exhaustion, and major life changes increased their susceptibility. Scammers exploit vulnerable moments rather than targeting specific age groups, with those experiencing divorce, moving homes, gambling problems, or financial difficulties being particularly vulnerable to tailored fraud schemes including urgency-based scams, romance scams, and get-rich-quick schemes. The study emphasizes that vulnerability to fraud is a human condition based on circumstances rather than age or character flaws, and calls for better organizational safeguarding rather than victim-
news.tvb.com
· 2026-08-15
Hong Kong's Commercial Crime Bureau reported over 20,000 fraud cases in the first half of 2026, resulting in total losses exceeding $3.5 billion, with investment fraud accounting for 2,151 cases and $1.66 billion in losses. Fraudsters primarily targeted victims through cryptocurrency and AI-related investment schemes using fake overseas-registered websites and applications, with one victim losing approximately $80 million after being romantically manipulated into downloading a fraudulent investment app. Police emphasized the importance of not downloading unknown applications and warned that social media influencers and celebrities promoting virtual assets could face charges for their involvement in these scams.
hongkongfp.com
· 2026-08-15
In the first half of 2026, Hong Kong police recorded over 2,100 investment scam cases resulting in HK$1.6 billion in losses, with the largest single case involving a 67-year-old merchant who lost nearly HK$85 million to a romance scammer posing as an investment expert on Facebook. Scammers used social media advertising, influencers, fake company registrations, and AI-generated content to promote fraudulent schemes involving cryptocurrencies, automated investment bots, and fake overseas entities, with some renting legitimate office space to appear credible. The Fun Coffee cryptocurrency scam separately defrauded 273 victims of HK$113 million
bizpacreview.com
· 2026-08-15
Lawrence, Massachusetts Mayor Brian DePeña was arrested and charged with wire fraud and money laundering for allegedly obtaining over $1.5 million in pandemic-era Economic Injury Disaster Loans (EIDL) through fraudulent applications and misusing the funds for his political campaign, personal taxes, and paying off approximately $880,000 in mortgages. The funds were intended to help his tire business recover from pandemic-related economic impacts, not for personal or political purposes. DePeña stated he would not resign from his position while facing the charges.
theglobeandmail.com
· 2026-08-15
In 2025, online scams cost older Americans $7.748 billion, with investment fraud accounting for at least $3.5 billion of losses, along with significant losses from tech support ($1 billion), romance ($584 million), and business email scams ($568 million). The House passed the Financial Exploitation Prevention Act on June 25, 2026, which would allow financial companies to temporarily halt securities redemptions for up to 15 days (plus a potential 10-day extension) when financial abuse of seniors or vulnerable adults is suspected. Currently, 33 states have laws protecting seniors from banking-related fraud, though the proposed federal bill would extend similar protections to investment accounts where such
b2b-cyber-security.de
· 2026-08-15
Cybercriminals are using the Chinese DCloud framework to operate over 236,000 fraudulent websites targeting both consumers and corporate employees across 25 industries, generating more than 5 million connection attempts. The fraud infrastructure facilitates various scams including fake cryptocurrency exchanges, "pig butchering" romance investment schemes, phishing networks, and crypto wallet drainers, with employees often compromised after clicking malicious links on WhatsApp, Telegram, or social media. Organizations now face significant risks including staff compromise, data leaks, and operational disruption as these workplace fraud attempts increasingly infiltrate corporate networks through personal devices.
dzrh.com.ph
· 2026-08-15
The National Bureau of Investigation arrested 20 people (18 Filipinos and 2 foreign nationals) in Pasay City on July 30 for operating an online fraud syndicate involving romance scams, cryptocurrency investment fraud, and "pig butchering" schemes. Investigators found scripts and fake identities used to manipulate victims into transferring money through cryptocurrency platforms, and seized computers, laptops, mobile phones, and other equipment from a call center-like setup. No specific dollar amounts of losses were reported.
dailyexcelsior.com
· 2026-08-15
The Jammu & Kashmir Cyber Police recovered Rs 2.35 lakh (approximately $2,800 USD) from an online investment fraud case and returned the funds to the victim, who had been deceived by promises of high returns on an investment scheme. Police coordinated with banks and financial institutions to freeze and recover the fraudulently transferred money. Authorities warned the public to avoid online investment scams, fake trading platforms, phishing schemes, and to never share sensitive financial information online.
scmp.com
· 2026-08-14
Hong Kong saw investment scam cases decline 15% in the first half of 2026 (from 2,525 to 2,151 cases), but losses remained substantial at HK$1.65 billion as fraudsters impersonated representatives of overseas firms, some of which were fictitious or used AI-generated identities and fake licenses. The largest single case involved a 67-year-old merchant who lost HK$48.79 million in a "pig butchering" cryptocurrency investment scam between July 2025 and January 2026.
yahoo.com
· 2026-08-14
Cindy lost her entire $80,000 retirement savings plus an $8,000 penalty to a "pig butchering" scam where criminals gained her trust over weeks before directing her to a fake cryptocurrency investment platform through her hacked friend's account. The article argues that scam victims should not be blamed, as sophisticated criminals use leaked personal data and AI to craft convincing deceptions, and that instead accountability should fall on companies that fail to protect consumer information and on society to reduce shame-based reporting barriers.
finance.biggo.com
· 2026-08-14
A Chinese investor lost 300,000 yuan (approximately $44,537) in a "pig-butchering" scam that lured him through a Douyin livestream into a fraudulent stock trading scheme where 2,724 group members were all shills posing as legitimate traders and analysts. The scammers used fabricated profit screenshots, fake IPO opportunities, and forged contracts purporting to be from CITIC Securities to gradually build trust and convince the victim to deposit funds into fraudulent trading apps, then blocked all large withdrawal attempts with various excuses.
malwarebytes.com
· 2026-08-14
WhatsApp is testing a new feature called Scam Alert that uses on-device machine learning to flag likely scam messages from non-contacts, identifying patterns associated with impersonation, fake jobs, investment fraud, romance scams, and malicious links. The optional beta feature alerts users rather than blocking messages automatically, and has limitations such as being unable to detect scams from compromised contacts. Meta is rolling out this tool as part of its broader anti-fraud campaign across WhatsApp, Facebook, and Messenger.
hometownnewstc.com
· 2026-08-14
A Martin County senior citizen nearly fell victim to a gold bar scam in which he was nearly defrauded of $600,000 after being contacted by someone impersonating a government official who demanded he purchase gold bars for "safekeeping." The scam targets older adults by pressuring them to act immediately and threatening consequences like arrest or loss of funds. Authorities advise victims to verify caller identity independently, consult trusted family or financial advisors before moving large sums, and report suspected fraud to local law enforcement.
yahoo.com
· 2026-08-14
An elderly Michigan woman attempted to withdraw $385,000 to purchase gold after scammers falsely convinced her that her bank accounts had been compromised, but a alert coin shop owner contacted the FBI when he noticed her distress, preventing the loss. The investigation led to the arrest of 25-year-old Sai K. Puttha on felony charges related to the scheme, which follows an FBI-identified pattern where criminals impersonate financial institutions or government officials to pressure victims into converting savings into precious metals that scammers then steal. Between May and December 2023, similar precious metals conversion scams targeting older adults resulted in over $55 million in reported losses nationally.
aol.com
· 2026-08-14
A crypto trader lost approximately $550,000 in USDC after clicking on a fraudulent Google advertisement that impersonated the Hyperliquid decentralized exchange platform. The phishing scam directed the victim to a fake website, with three cryptocurrency wallet addresses identified as belonging to the alleged hacker. Google suspended the advertiser's account and stated it blocks 99% of policy-violating ads before they run, though this scam was not caught prior to the victim's loss.
ua.news
· 2026-08-14
A 71-year-old former Ukrainian lawmaker lost $31,800 to scammers impersonating SBU agents who convinced him the money was needed for "fund verification." Two suspects—a 17-year-old courier and a 20-year-old accomplice from Odesa—were arrested before the funds could be transferred to a cryptocurrency wallet, and the full amount was recovered.
yahoo.com
· 2026-08-14
A Northeastern University study found that an AI chatbot was nearly twice as effective as human scammers at convincing participants to make risky financial moves in "pig butchering" scams, persuading 45% of participants compared to 18% for human scammers over a seven-day period. The experiment used Claude AI with minimal instructions to build emotional trust and request participants install a suspicious app or game, and notably, most participants still complied even after correctly identifying the scammer as AI. The research highlights growing concerns that AI could significantly scale these relationship-based scams since chatbots can manage dozens of conversations simultaneously without fatigue, unlike human fraudsters.
cronista.com
· 2026-08-14
Colorado's new ASSET Act, effective August 12, 2026, authorizes banks and credit unions to delay withdrawals for up to 90 days (extendable to 180 days) when employees reasonably suspect a vulnerable adult is experiencing financial exploitation. The law aims to give institutions time to investigate suspicious transactions and notify law enforcement or adult protective services, while protecting institutions and employees from liability for good-faith interventions. Colorado residents age 60 and older reported over $74 million in fraud losses during 2024 across more than 3,100 cases, prompting the protective measure.
northeasttimes.com
· 2026-08-14
President Trump signed an order authorizing vetted private companies to conduct offensive cyberattacks against foreign criminal networks under strict government supervision, responding to Americans' $20.8 billion in cyber-enabled crime losses in 2025 and $80.7 billion in crypto scams. Participating firms must post at least $1 million bonds and obtain written approval from both the Department of Justice and Department of Homeland Security before launching operations targeting ransomware, phishing, financial fraud, and sextortion schemes. The program represents an unprecedented private-sector role in federal cybercrime enforcement, though participating companies bear full legal responsibility for their operations.
realnewsmagazine.net
· 2026-08-14
The EFCC chairman warned Nigerian youth against internet fraud during a church conference in Port Harcourt, explaining that such crimes include romance scams, fake investments, identity theft, and cryptocurrency fraud. He cautioned that perpetrators face arrest, prosecution, imprisonment, and asset forfeiture, attributing youth involvement to peer pressure and desire for quick wealth. The EFCC official urged young people to develop marketable skills, seek mentors with integrity, and use technology to create value rather than deceive others.
wtop.com
· 2026-08-14
Fraud losses reached a record $15.9 billion in 2025, a 27% increase from the previous year, with criminals increasingly using AI to create sophisticated scams via fake websites, emails, texts, and deepfake audio and video. Investment, romance, crypto, and impostor scams are driving the surge in losses reported to the Federal Trade Commission. Experts recommend being skeptical of all communications, avoiding clicking suspicious links, using credit cards instead of debit cards for purchases, and never paying via cryptocurrency, gift cards, or wire transfers.
glasgowlive.co.uk
· 2026-08-13
Consumer group Which? has warned of a "dangerous" scam where fraudsters manipulate victims into approving card payments, often by impersonating bank staff or police and claiming the account is under attack. Unlike unauthorised push payment (APP) fraud, which has mandatory reimbursement protections, victims of authorised card fraud approved by the cardholder may struggle to recover their money through standard refund mechanisms like chargeback or Section 75. Which? advises victims to file claims with their card provider and escalate to the Financial Ombudsman Service, noting that specific refund protections for this type of fraud remain limited.
punchng.com
· 2026-08-13
A 41-year-old Nigerian, Babajide Adesayo, was convicted by a U.S. federal jury of laundering over $2.7 million obtained from romance fraud and online scams targeting elderly victims between April 2020 and September 2021. Adesayo received funds from victims' retirement savings through co-defendant Efemena Igbe's business accounts, then transferred most of the money to overseas accounts in China, Hong Kong, Nigeria, and other countries. He faces up to 20 years imprisonment on conspiracy charges and up to 10 years on each money laundering count, with sentencing scheduled for November 20, 2026.
getsurrey.co.uk
· 2026-08-13
Criminals are exploiting a gap in fraud protections by manipulating victims into authorizing card payments rather than tricking them into bank transfers, according to consumer group Which?. Unlike authorized push payment (APP) fraud, which has mandatory bank reimbursement protections, victims of authorized card payment fraud may struggle to recover their money even when they've been manipulated by scammers impersonating banks or authorities. The scam typically involves cold calls claiming account security issues, with fraudsters pressuring victims to approve card payments or share security codes.
straitstimes.com
· 2026-08-13
Police in Singapore arrested 270 people (185 men and 85 women) suspected of involvement in over 660 scam cases that defrauded victims of approximately $5.4 million. The scams included e-commerce, phishing, job impersonation, government official impersonation, investment, and lucky draw schemes, with suspects ranging from ages 15 to 80 investigated for cheating, money laundering, and operating unlicensed payment services.